Your strategy should contains:
– Market Psychology
– Researching tools
– Insider wallet tracking
– Spotting undervalued alts
Knowing this u will succeed in crypto within a year.
Market Psychology
Even though the market and crypto are constantly changing, one must adapt. The psychology of the crypto market remains the same. And simply by understanding it, one can already achieve success.
We are so over, we are so back
Do you notice how normies quickly change their mood from ‘crypto is a scam’ to ‘crypto is an opportunity’? Someone has to lose cause crypto is a PVP game. When crypto is a scam – buy, and when it’s an opportunity – take profits.
Researching tools
These 3 tools are enough to scan the entire market:
@OrionTerminal
@coinglass_com
@CoinMarketCap
With these tools, u will be able to find undervalued alts, check their R/R and potential. Here are some strategies on how to use these tools.
Filter alts by ticks
@OrionTerminal is a useful tool if you want to engage in more short-term trading, like scalp trading. It sorts coins with the highest ticks first. You can also add volume and volatility filters to assess the risk/reward of the altcoins.
Watchlist
Select 10-20 projects that fit your portfolio, interests, and investment strategy. Find a good risk/reward entry point. Chart them and see if any setups catch your eye for the day.
Price alerts
Alts are often volatile, so price alerts are important if you want to strictly follow your plan. They keep you informed, enabling you to take advantage of token pumps and dips. Now the most effective for me trading style.
Insider wallet tracking
While the majority of the crypto community thinks it’s useless, you need to be doing it 100%. The key is to find the right insiders.
How to spot insider wallet?
Go to @dexscreener. Search for a coin that pumped the most for the last 24h.
Go to Top traders. Search for wallets that were bought early.
Make a list of 20-30 such wallets. Now we need to check if they’re insiders or just lucky degens.
Check insider wallets
Go to: @alphatracexyz. Paste the wallet.
True insider wallet must have:
– 70% Win Rate
– $1M+ PnL
It’s hard to find nice insider wallets cause they’re using mostly new wallets to hide themselves.
But eventually u’ll find one.
Spotting undervalued alts
Using @CryptoRank_io filter alts based on chain u want, <$10M mc and 5-6M volume. Now make a list of 20-30 of such alts. Go to: @Dropstab_com. Check the project's followers & performance, investors, etc.
Tokenomics
Go to: @Token_Unlocks. Check any future community alloc, investors unlock, and price for investors vs current price.
Smaller spread = better potential. Also, remember if there are any unlocks it can be a possible local dip coming after it.
Risk Management
Such trading strategies are, ofc, good, but without a solid risk management strategy, nothing will work. So, think about how much you’re investing and whether you’re ready to lose that amount. Also, plan how and where you will take profits before making the purchase.
